A pause in the decline, not a retreat
Tesla stalls (-0.6%) as ADX climbs: the decline gains conviction
A pause in the decline, not a retreat
Our view last week
Tesla drops 17.8% this week, the sharpest fall in the last four, wiping out the rebound that had briefly lifted sentiment. 92% of the volume came in on the sell side, and the ADX is climbing versus the prior weeks: our technical analysis reads a decline gaining conviction, not one running out of steam. The short, open for five weeks, still sits more than 17% in profit.
This week's summary
After last week's 17.8% drop, Tesla nearly stands still this week, down just 0.6%. But underneath, the decline isn't slowing: ADX keeps climbing, confirming the trend is gaining conviction, and the sequence of lower highs keeps stretching toward the 387 area. Volume stays in strong distribution, with a weak last candle. The short, open for five weeks, remains above 18% in profit.
IQS Phase
71
in tension
Signal Strength
49
isolated weekly drop
Sizing
REDUCED
Ranking
#15 / 138
US stocks
Trade P&L %
+18.04%
from signal to date, no stop loss
Rank position
ranks 15th among the 138 sell signals for US stocks in our ranking, with a signal strength of 49 out of 100.
Sector context
SectorConsumer Discretionary
Benchmark ETFXLY
Sector regimein positive regime
Performanceweekly +6.11% · monthly -1.69%
TSLA belongs to the consumer discretionary sector (reference ETF XLY). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content